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Innovation and Efficiency Initiative – IEI: Pilot Financing Instruments and Modalities
Innovation and Efficiency Initiative – Pilot Financing Instruments and ModalitiesThe Innovation and Efficiency Initiative (IEI) is a central element in ADB's overall Reform Agenda. In August 2005, four additional financing instruments and modalities were introduced as part of IEI. Three of these are being implemented on a pilot basis from September 2005 to August 2008 (IEI: Pilot Financing Instruments and Modalities). These are:
The paper Introducing the Local Currency Loan Product [ PDF: 243kb | 28 pages ] mainstreams the local currency loan product. The new financing instruments are intended to provide ADB clients and operational teams with additional alternatives to help finance development in large individual projects and longer-term investment programs arising out of sector road maps. They are not meant to replace ADB's existing instruments. They expand the alternatives available within ADB's portfolio of development finance solutions, while preserving its credit standing. The instruments will allow ADB improve services to existing and new clients seeking development finance. They are specifically designed to:
For more information about IEI, read:
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